NADOA Model Form Division Order 1995-2025 free printable template

NADIA Model Form Division Order (Adopted 9/95) ... Mayor shall be not ed, in' writing, of any change in ownership, decimal interest, or payment address. ...

How to fill out sample oil and gas division order form

How to fill out NADOA Model Form Division Order

1. Begin by obtaining a copy of the NADOA Model Form Division Order.
2. Fill in the date at the top of the form.
3. Provide the name and address of the entity or individual preparing the form.
4. Include the names and address of all parties to the division order.
5. Clearly indicate the description of the property and the leases or agreements involved.
6. Fill in the percentage interest for each party based on the agreed-upon division.
7. Review the document for accuracy and completeness.
8. Sign the form where required, obtaining signatures from all parties involved.
9. Distribute copies of the signed division order to all parties.

Who needs NADOA Model Form Division Order?

1. Oil and gas companies that are obtaining royalties.
2. Landowners or mineral owners receiving income from oil and gas production.
3. Legal professionals handling mineral rights or oil and gas transactions.
4. Financial institutions involved in transactions related to mineral rights.
5. Potential buyers of mineral rights who need to understand existing agreements.

• Who needs a division order?
• What is division order for?
• Is division order accompanied by other forms?
• • When is division order due?
  • How do I fill out division order?
  • Where do I send division order form?

Who needs a division order?

A division order is signed by the mineral owner who is entitled for a share of the mineral produced. This may be gas, oil or other natural gas liquids.

What is division order for?

Once division order is filled out by a division order analyst it is sent to the interest owner to notify that mineral production has started, and it brings revenue.

However, the primary goal of the division order is to get a confirmation from the interest owner about the accuracy of the revenue amount paid and interest owner's personal data. As a rule, mineral owner is entitled for the decimal interest. When reviewing the division order, the mineral owner should make sure that the interest he/she is entitled for does not exceed the agreed amount of share. If it does, then the mineral owner can be pursued for compensation. So it is all about accuracy of the information given in the order division. Therefore, before signing it pay attention to:

• The name of the company that has started the production of the mineral
• Description of the property that is being produced
• The type of the interest
• Decimal interest
• Legal agreements

By signing the division order mineral owner agrees that all data provided in the document is accurate as well as the decimal interest.

Is division order accompanied by other forms?

Alongside the division order you should fill out W-9 form for the government to withdraw tax on the amount of revenue you will get as an interest owner.

When is division order due?

The division order is due when it is thoroughly reviewed, verified and signed by the mineral owner.

How do I fill out division order?

The division order contains fields filled out by the operator. There he/she indicates:

• Property number
• Property name
• Operator
• County and state
• Property description
• Owner name and address
• Type of interest
• Decimal interest

The owner should only put a signature in the appropriate fields, indicate tax ID number, telephone number.

Where do I send division order form?

Return the signed division order to the operator of the company that has started the production of the mineral.

People Also Ask about division order

What is a division order in the oil business?

A division order is a record of your interest in a specific well. It contains your decimal interest, interest type, well number and well name. Division orders are issued to all that own an interest in a specific well after that well has achieved first sales of either oil or gas.

What is the purpose of a division order?

What is a Division Order (DO)? A Division order is an instrument that records an owner's interest in a specific well. It should include the name of the well, the well number, interest type, and your decimal interest.

What is decimal interest?

The decimal interest is calculated by dividing the number of acres the landowner has in the unit by the total number of acres in the unit, multiplied by the royalty percentage under the gas lease.

What is a division order?

What is a Division Order (DO)? A Division order is an instrument that records an owner's interest in a specific well. It should include the name of the well, the well number, interest type, and your decimal interest.

What is a division order analyst?

Your job as a Division Order Analyst is to determine each owner's share, and distribute checks ingly. You may work for only one company, keeping detailed records about the people who own the company's equipment and resources.

What is a rental division order?

The Division Order is a document whereby the revenue distributor (either the Operator or the 1st Purchaser) and the recipient (the royalty owner) agree on the exact decimal interest (Net Revenue Interest or NRI) owned within a well, lease, production unit, or field-wide unit.

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What is NADOA Model Form Division Order?

The NADOA Model Form Division Order is a legal document used in the oil and gas industry to provide instructions regarding the distribution of royalties and revenues from the production of oil and gas. It outlines how payments are to be divided among stakeholders.

Who is required to file NADOA Model Form Division Order?

Typically, operators of oil and gas properties are required to file the NADOA Model Form Division Order with the state or relevant governing bodies to ensure proper distribution of revenue to mineral rights owners.

How to fill out NADOA Model Form Division Order?

To fill out the NADOA Model Form Division Order, one must provide details such as the property description, well details, ownership percentages of all parties involved, and signatures from the parties agreeing to the terms set forth in the document.

What is the purpose of NADOA Model Form Division Order?

The purpose of the NADOA Model Form Division Order is to facilitate the accurate and equitable distribution of oil and gas revenues among co-owners, ensuring that all parties receive their entitled shares based on their ownership interests.

What information must be reported on NADOA Model Form Division Order?

The information that must be reported on the NADOA Model Form Division Order includes the well name, property location, names and addresses of the parties entitled to royalties, their respective ownership interests, and any relevant legal descriptions or references.